BranchOut Food Inc.
BEND, Ore., February 12, 2024 - PRISM MarketView - BranchOut Food Inc. (NASDAQ: BOF), Shares in disruptive food technology company, BranchOut Food (Nasdaq: BOF), surged nearly 100% in morning trading on Monday after the company announced it had expanded its relationship with the nation’s largest retailer. The annual value of the expanded deal is $7.6 million, and shipments to the retailer are scheduled to begin in May 2024.
Under the agreement, BranchOut Food has received a 12-month contract extension valued at an estimated $5.2 million annually for two dried fruit private label items. The retailer has requested two additional dried vegetable private label items that will be stocked in approximately 3,300 stores and is valued at an estimated $2.6 million on an annual basis.
“We’re gratified that the first run of our products in the stores of the nation’s largest retailer has resulted in this contract extension. We’re especially excited to have received a new contract for two additional products, and for more stores than initially expected. Our private label business is an important growth engine for BranchOut, and these contracts with the nation’s largest retailer are just the tip of the potential that we see for this business segment.”
Eric Healy, CEO of BranchOut Food
Recent Highlights
BranchOut Food recently announced it had successfully completed a part of its strategic collaboration with the U.S. Army Combat Capabilities Development Command (DEVCOM) to enhance MREs (Meals Ready-to-Eat) through the implementation of the BranchOut Food’s proprietary GentleDry technology.
In January, the company expanded its partnership with the nation’s largest Club Warehouse Retailer, adding its popular Pineapple Chips to the Bay Area region, following previous success in the Southern California region.
About BranchOut Food Inc.
BranchOut Food is an international food-tech company delivering truly great natural snacks and real superfood ingredients enabled by its licensed dehydration technology. The company’s GentleDry Technology is the next generation in dehydration technology, preserving up to 95% of the original nutrition of fresh fruits and vegetables. BranchOut’s technology is protected by more than 17 patents. BranchOut Food is proud to be a leading provider of high-quality dehydrated fruit and vegetable-based products and its commitment to quality and innovation sets it apart as a trusted brand and private label supplier. For more information about BranchOut Food Inc. and its products, please visit www.branchoutfood.com and follow us on LinkedIn and Twitter.
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Phone: 646-863-6341
Website: https://prismmarketview.com